VIEWS: 607 PAGES: 4 CATEGORY: Employee Pay and Benefits POSTED ON: 12/8/2011
An employee draw agreement is used to clearly define the financial expectations between an employee and an employer when compensation is based on performance (usually sales commissions). The amount of the draw is the amount an employee receives each month before the sales commissions are calculated. This agreement can be modified to fit the business needs of any employer which provides performance based compensation, but note that the agreement is still bound by the local labor codes and laws.
"Employee Draw Agreement"